Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$395,384$328,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,977$0
Note rate4.170%7.400%
Blended rate4.170%7.640%
1st payment$2,089.20$2,274.47
2nd payment$0.00$0.00
Taxes / mo$172.33$172.33
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$535.00$535.00
Total monthly$2,946.54$3,197.50
Cash to close$0$36,500